Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0081%/8h= −8.8% APRpaid last 24h −0.013%

Price spread now: Aftermath Perps against Orderly−0.008%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GOOGL_USDC	356.93	0.0100	pay 0.0100% / 8h	1h 06m	$10K	$11K	20x
Short	Aftermath Perps GOOGLUSD	356.90	0.0019	get 0.0002% / 1h	6m 05s	$144K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee Aftermath PerpsbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$16.97
Price spread: −0.008% → 0.000%: −$0.77
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$32.74
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aftermath Perps: live order book, 38 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Aftermath Perps live order book, 38 min ago	3.14 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GOOGL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.60	−0.092%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.10	+0.048%	$13.6M	$13.1M	50x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.91	−0.006%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.98	+0.014%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.18	+0.070%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.95	+0.005%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.02	+0.025%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.11	+0.050%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.25	+0.090%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.16	+0.064%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0014%	8h	357.23	+0.084%	$365K	$424K	20x	as long as short
Nado GOOGL-PERP	+0.0014%	1h	356.89	−0.012%	$549K	$92K	20x	as long as short
Aftermath Perps GOOGLUSDshort	+0.0019%	1h	356.90	−0.008%	$144K	$46K	10x
Lighter RH GOOGL	+0.0032%	1h	357.07	+0.039%	$1.3M	$2.1M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.01	+0.022%	$424K	$1.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.053%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0036%	8h	357.13	+0.056%	$72.0M	$143.7M	50x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.02	+0.025%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.81	−0.034%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.13	+0.056%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.96	+0.008%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.78	−0.042%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.92	−0.003%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.73	−0.056%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.01	+0.022%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0085%	8h	356.61	−0.090%	$3.0M	$100K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.93	0.000%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.84	−0.026%	$42K	$39K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.83	−0.028%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDClong	+0.0100%	8h	356.93	long leg	$10K	$11K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.96	+0.008%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.09	+0.045%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0130%	8h	357.01	+0.022%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0142%	8h	357.12	+0.053%	$687K	$236K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0170%	1h	357.03	+0.028%	$24K	$156K	10x	as long as short
edgeX GOOGLUSDC	+0.0880%	4h	357.00	+0.020%	$208K	$1.2M	10x	as long as short